Ark. Code Ann. § 14-360-305: Borrowing of funds and revenue bonds - Authorization to contract

A city is authorized and empowered to enter into the necessary contracts for the borrowing of all funds that it may determine will be required in connection with the financing of the structures, buildings, or other improvements or the construction of extensions, additions, or improvements thereto, after the original construction is completed, including architectural, engineering, legal, or other similar expenses.